Hello Everyone,
We told you that we have another exciting company for you to research ahead of the bell this morning.
This one is sitting around 1.30 right now and there are several catalysts that you need to research regarding this next one.
Pull up VCIG right now on your screen.
VCI Global Limited (NASDAQ: VCIG) is creating a lot of buzz in the industry with their latest blockbuster news that they secured an exclusive distributorship for Military-Grade AI-Powered Cybersecurity.
VCIG is a diversified holding company. Through its subsidiaries, it focuses on consulting, fintech, AI, robotics, and cybersecurity. VCIG primarily offers consulting services in capital markets, real estate, AI, and technology. The company is dedicated to catalyzing high-growth potential companies through top-tier consulting solutions, thereby enhancing value propositions in every aspect of our clients' businesses.
In technology businesses, the company operates a proprietary financing platform that serves companies and individuals, as well as a secured messaging platform serving governments and organizations. They also invest, incubate, accelerate, and commercialize businesses and technologies in AI and robotics.
They recently announced an impressive total revenue of $13.7 million for the six months ended June 30, 2024, marking a 44% YoY growth.
Also, VCIG's Board of Directors has authorized the implementation of a share repurchase program for up to US$10 million of the Company's outstanding ordinary shares over the next two years.
Something else that cannot be overlooked is that the company just completed a 1 for 49 reverse split, drastically reducing the float.
VCIG has their hands in 3 different ventures for the time being:
ARTIFICIAL INTELLIGENCE
Avarai is a post-harvest robotics system that provides groundbreaking robotic solutions. Leveraging advanced sensory capabilities for its robotic hands, cutting-edge vision technology, AI, sophisticated machine learning algorithms, and cloud updates, this system brings innovation to the agricultural sector. It excels in delicately handling fresh produce, incorporating Wootzskin, which holds the distinction of being the world's first fully compliant electronic skin (E-Skin), lowering the cost of fruit packing, improving efficiency, and lowering waste with a global application.
The Unique Features of Avarai:
- Rapid ROI
- Increased Productivity to 40 - 50%
- Up to 50% Less Human Labour requirement
- 30% Cost Saving/Line
- Increase in Production Capacity by 25%
FINTECH
Credilab is our proprietary fintech software meticulously designed to facilitate online loan applications, processing, scoring, contract execution, and loan disbursement, including the Know Your Customer system (KYC). It offers customized financial data analytics and insights, bolsters compliance systems for financial regulations, and ensures secure payment processing solutions.
Credilab aims to serve individuals who may have limited access to traditional banking services, bridging the gap by providing accessible and efficient micro-financing options.
The Unique Features of Credilab:
- Hassle-free Instant Cash Loan
- Short Processing Time
- Convenient Repayment
SECURED SOCIAL MESSENGER
The Socializer Messenger serves as the world's most secure business messenger, especially when used in enterprises and government organizations where highly sensitive data is exchanged regularly. The highly secured social messenger platform goes beyond conventional messaging apps by offering encrypted messages, ensuring robust data protection and user privacy.
Our patented Built-in Facial Recognition for the Socializer Messenger ensures all data from the messenger are marked as 'private' and disappear from the screen as soon as an unknown face is detected from the front camera. It ensures that confidential data or information is not accessible to unauthorized personnel. Chats, calls, and individual or group video calls are encrypted with AES 256-bit, which is the strongest and most robust encryption standard currently commercially available.
With the emphasis on cybersecurity addressing growing concerns about data breaches and privacy infringements in digital communication. It is a reliable alternative to mainstream social messaging platforms, prioritizing user security and confidentiality.
The Unique Features of Socializer Messenger:
- Data Leakage Prevention
- Phishing Protection
- Malicious Third-party Access Protection
- Forced Privacy and Encrypted Data
VCI Global Secures Exclusive Distributorship for Military-Grade AI-Powered Cybersecurity Solution in the US$280 Billion Global Market
KUALA LUMPUR, Malaysia, Jan. 15, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited(NASDAQ: VCIG) ("VCI Global," or the "Company"), is proud to announce its exclusive distributorship of Secure Encryption Storage Limited ("SES") for Data Security Solutions ("SES Solutions") in Malaysia. Powered by AI, SES Solutions provide advanced features such as real-time threat detection, virus defense, data encryption, and multi-channel backup. Trusted by over 300 clients, including Fortune 500 companies and government agencies, SES is a leading choice for safeguarding enterprise data and combating cyber threats.
According to Check Point Research, the urgency of addressing cybersecurity risks is highlighted by a 30% year-over-year increase in global cyberattacks, with organizations facing an average of 1,636 cyberattacks per week. In response to the rising threat landscape, leading technology players have taken significant steps to enhance data protection. Inetum has partnered with Rubrik, Inc. to improve data protection and recovery, while IBM Corporation launched the Guardium Data Security Center, offering AI and quantum-safe features for unified data protection. At the same time, Salesforce, Inc. has completed its US$1.9 billion acquisition of Own Company, leveraging the latter's data protection and management solutions to enhance the security and compliance of customer data across the Salesforce platform. These strategic initiatives reflect the increasing demand for robust cybersecurity solutions.
According to Statista, the global cybersecurity market is projected to reach around US$280 billion by 2029, fueled by advancements in AI and the growing need for enhanced security. In Malaysia, the cybersecurity market is expected to grow from around US$500 million in 2025 to approximately US$800 million by 2029. In response to this growth, VCI Global is positioning itself to capture 3% of the Malaysian market, with expected revenues surpassing US$15 million within the first two years of its partnership.
"Securing the exclusive distributorship of SES Solutions in Malaysia is a major step forward in our strategy to expand within the dynamic cybersecurity sector. Looking ahead, VCI Global plans to expand into neighboring countries in Asia, and eventually into Europe and the US, bringing cutting-edge cybersecurity solutions to a broader global market," said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
Start your research on VCIG and watch for updates.
Please Read the Full Profile Here: https://www.insiderfinancial.com/profile/vcig
Sincerely,
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